The secret of Ho Ching’s salary
Ho Ching, wife of PM Lee, was appointed as CEO of Temasek Holdings, the state sovereign fund, in 2004. Her salary as CEO has been a secret for 15 years. It has never been published. Most people assumed that she must have been drawing a very high salary. Some even speculated in the tens or hundreds of millions a year. They draw...
Measures to cope with the economic slowdown
The typical approach of the government to an economic slowdown is "train workers with new capabilities". We have tried this approach before. It is largely wasteful and ineffective. Are there other ways to deal with the situation? Here are my ideas. a) Give subsidies to business to reduce their business cost, e.g. rental and...
When the Government and its Ministers and Wives Are in Business, Business Comes First Not Consumers
State-owned ( but actually Ho Ching-controlled) CNA reported yesterday on a new Bill (the Point-to-Point (P2P) Passenger Transport Industry Bill) tabled in Parliament to regulate the private car-hire industry. I was immediately struck by a sentence near the end of the report which said that LTA intended to regulate not only...
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